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Russian banks say they've run out of yuan as Chinese firms pull away from the nation
(markets.businessinsider.com)
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this post was submitted on 07 Sep 2024
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India is taking advantage of the situation.
It's understandable that a developing country wants cheap energy, also genuinely sad the world's largest democracy is funding a dictator's barbaric land grab.
"world's largest democracy" run by a fascist, who embraces pogroms against the Muslim minorities and assists Israel in its genocide against palestinians, including sending India troops there.
Of course Israel is best buddies with Modi in the same way they sold drones to Russia after the Crimea annexation, which later helped Russia bomb Ukraine during the main invasion. Neither country is a liberal democracy, nor do they share interests with "the West" past their own immediate advantage.
India is financially supporting colonization of Ukraine by doing business with Russia.
India is supporting colonization.
All India cares about is getting oil and gas for as cheap as possible. Russia has limited markets they can sell their oil to, so India now has tons of leverage and can set their own price. India has their own territorial conflicts with Pakistan and China that they need to worry about. They dont care what Russia does so long as they keep getting cheap oil.
The boot is on the other foot now, I guess.
They were taken advantage of previously; as fucked as it all is, they have no reason to care.